Actions for The Cookhouse Wind Farm project [electronic resource] : how do you bank a bankrupt contract?
The Cookhouse Wind Farm project [electronic resource] : how do you bank a bankrupt contract? / Ope Onibokun, Ashwin West, Sarah Boyd, Xolisa Dhlamini
- Author
- Onibokun, O. M.
- Published
- London : Graduate School of Business, University of Cape Town, 2019.
- Physical Description
- 1 online resource : illustrations
- Additional Creators
- West, Ashwin, Boyd, Sarah, active 2019, and Dhlamini, Xolisa
Access Online
- Series
- Restrictions on Access
- License restrictions may limit access.
- Summary
- This case finds the managers of the Cookhouse Wind Farm (CWF) project on the verge of a financial crisis in November 2012. Just a year after CWF has been selected as the preferred bidder for South Africa's largest renewable energy program by ESKOM, the state-owned electricity utility, an imminent bond default by the project's construction contractor, Suzlon Energy, threatens the future of the entire project. Faced with Suzlon's impending corporate debt restructuring action, the project lenders are growing concerned about the contractor's bankability and are threatening to pull out of the project. In an emergency meeting of the equity shareholders, the investment managers from African Infrastructure Investment Managers (AIIM) must devise a plan to re-structure the project in order to reduce the risk to lenders and ensure the project completion with or without Suzlon.
- Subject(s)
- Genre(s)
- ISBN
- 9781529724769 (ebook)
- Note
- Originally published in : Onibokun, O., West, A., Boyd, S., & Dhlamini, X. (2019). The Cookhouse Wind Farm project: How do you bank a bankrupt contract?. GSB: 2019-3. Cape Town, South Africa: Graduate School of Business, University of Cape Town.
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